Physical gas for weekend and Monday delivery overall eased a penny as traders saw little incentive to buy a three-day package under conditions of mild expected weather and the ability to easily make intraday purchases as needed.
Package
Articles from Package
House Renews Push to Drill Offshore Virginia
The House has introduced legislation that would open federal waters off the coast of Virginia to oil and natural gas development, and the Senate is expected to offer a companion bill in the coming weeks.
Permian Is Rosetta’s New Bud
Rosetta Resources Inc. has agreed to pay Comstock Resources Inc. $768 million for a package of Permian Basin oil and liquids-rich assets, giving it entry into the West Texas basin.
Rosetta Resources Entering Permian With $768M Deal
Rosetta Resources Inc. has agreed to pay Comstock Resources Inc. $768 million for a package of Permian Basin oil and liquids-rich assets, giving it entry into the West Texas basin.
Templar Energy Makes First Move in Anadarko Basin
Templar Energy LLC, a newly formed exploration and production company, has completed its first acquisition in the Anadarko Basin, an asset package that includes about 7,000 net acres in Oklahoma’s Ellis and Roger Mills counties in Oklahoma, according the company’s financial backer, First Reserve Corp.
Denbury Buys ConocoPhillips’ Cedar Creek Anticline Portfolio
ConocoPhillips is selling a package of properties in the Cedar Creek Anticline (CCA) of North Dakota and Montana to Denbury Resources Inc. for $1.05 billion cash.
Chemical Manufacturer Hedging With Marcellus Wells
As a hedge against higher natural gas prices, a subsidiary of LSB Industries Inc., an Oklahoma-based chemical and equipment manufacturer, has bought an interest in a package of wells and potential drilling locations in Pennsylvania’s Marcellus Shale.
Congress Urged to Keep Intangible Drilling Costs Tax Breaks
Intangible drilling costs (IDC) are “an ordinary and necessary business expense of the oil and gas industry,” and should only be modified as part of a broader tax reform package — and in combination with a lower, globally competitive corporate tax rate — according to Industrial Energy Consumers of America (IECA).
Congress Urged to Keep Intangible Drilling Costs Tax Breaks
Intangible drilling costs (IDC) are “an ordinary and necessary business expense of the oil and gas industry,” and should only be modified as part of a broader tax reform package — and in combination with a lower, globally competitive corporate tax rate — according to Industrial Energy Consumers of America (IECA).
EPL, W&T Build GOM Portfolios
EPL Oil & Gas Inc. last week agreed to pay $550 million to a unit of Hilcorp Energy Co. for a package of shallow water Gulf of Mexico (GOM) shelf oil and natural gas interests. W&T Offshore Inc. also built it GOM portfolio last week, after agreeing to pay $228 million to acquire all of Newfield Exploration Co.’s remaining properties in the GOM, a 78-block inventory that covers more than 430,000 gross acres.